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Fisher River Cree Nation

Community-led change

Fisher River Cree Nation (FRCN) in Manitoba enacted their Financial Administration Law (FAL) in 2013. They then set their own timelines and milestones to bring it to life for their community.

The challenge

Fisher River Cree Nation is located along the shores of Lake Winnipeg, about 200 km north of Winnipeg. The Nation’s two reserves are home to 1,900 of its 3,700 members.

The Fisher River Economic Development Corporation oversees a community-controlled process of local revitalization. Part of its approach is that “the people of a community should be directly involved in pursuing and managing their own economic development.”

Some of the challenges facing the Nation included a need for a new school, as the existing one was overcrowded and in need of repairs, as well as a community centre to bring people together.

With ambitious business and tourism plans, Fisher River Cree Nation leaders decided the way forward was to develop and enact their own FAL to show the Nation’s commitment to good finance practices.

The action

On October 16, 2013, Fisher Nation enacted their FAL. They gained their Financial Performance Certificate later that month, which allowed the Nation to become a
borrowing member
of the First Nations Finance Authority (FNFA).

The real work started after enacting their FAL. In order to also achieve Financial Management System (FMS) Certification, Fisher River Cree Nation began working closely with the FMB staff to bring their FAL to life.

The FMB supported Fisher River Cree Nation’s needs in a variety of ways, including:

holding a conference with technical sessions on the Finance & Audit Committee, multi-year financial planning,
risk assessment
and policy development

putting Fisher River in contact with other First Nations who have completed their FMS certification to share experiences and tools at the FMB’s annual FMS conference